Remove Brokerage Remove Equity Remove Principal Remove Title search
article thumbnail

Fees and Costs Associated With Selling a House in 2023

HomeLight

But in focusing on the equity portion, people are often surprised to learn how much it costs to sell a house in the U.S. Your real estate agent’s commission is not only split between the buyer and seller agents but also their respective brokerages. Title fees (0.5%-1%) Money is always top of mind when selling a house.

article thumbnail

131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

How else would you and your clients understand how much is being paid in principal and interest over the years? It generally results in a higher interest rate or additional points, but it’s a way for homeowners to leverage their equity in a property. Clear title. Home equity conversion mortgage. Due diligence period.